2017 – Increased Interest Rates Even if RBA Holds?

Australian’s record run of low interest is allegedly over and rates are most likely to increase in the new year even if the Reserve Bank officially has it on hold. Australians should get ready for rates to rise in 2017 to cool the hot property market. The Australian property market has seen steady increases of around 3% per annum since the 1970s. Since the 1990s, however, prices have risen by around 6% per annum. In the late 2000s, house prices in Australia, relative to incomes, were at [...]